Everforth (NYSE:EFOR) Stock Rated “Reduce” by Wall Street Brokerages

Everforth (NYSE:EFOR) has received an average recommendation of “Reduce” from the eight research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $33.83.

Several research firms have issued reports on EFOR. BMO Capital Markets increased their price objective on shares of Everforth from $30.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, October 9th. Zacks Research cut shares of Everforth from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Wall Street Zen upgraded shares of Everforth from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company increased their target price on shares of Everforth from $26.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, October 29th. Finally, Weiss Ratings upgraded shares of Everforth from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, September 28th.

Institutional Investors Weigh In On Everforth

Hedge funds and other institutional investors have recently bought and sold shares of the company. Crescent Grove Advisors LLC acquired a new stake in Everforth during the third quarter worth about $408,000. Ethic Inc. increased its position in Everforth by 10.8% during the third quarter. Ethic Inc. now owns 11,207 shares of the company’s stock worth $369,000 after purchasing an additional 1,092 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in Everforth during the third quarter worth about $241,000. Finally, SG Americas Securities LLC increased its position in Everforth by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after purchasing an additional 27,903 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Everforth Stock Up 6.7%

Shares of Everforth stock traded up $2.28 on Friday, reaching $36.53. The company’s stock had a trading volume of 195,628 shares, compared to its average volume of 959,094. The firm has a market capitalization of $1.50 billion, a P/E ratio of 22.41 and a beta of 0.42. Everforth has a 52-week low of $16.90 and a 52-week high of $54.94. The business has a 50-day simple moving average of $34.92. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.13 and a quick ratio of 2.13.

Everforth (NYSE:EFOR) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.09. The business had revenue of $1.03 billion for the quarter. Everforth had a net margin of 1.71% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Sell-side analysts forecast that Everforth will post 3.74 earnings per share for the current fiscal year.

About Everforth

Everforth is a technology and digital engineering company that aims to help companies adapt and thrive in a world of constant change. The company combines industry expertise with in-demand solutions with the goal of driving meaningful outcomes for their customers.

In order to help commercial and government customers find success, Everforth provides tailored technology solutions that help their clients move faster and innovate with purpose. Their solutions fall into a variety of categories, including AI and Data Analytics, Cloud and Infrastructure, Cybersecurity, and Enterprise Platforms.